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BlueNord ASA

Earnings Release Jun 10, 2025

3692_rns_2025-06-10_57378176-c7f7-46fa-83b1-31c6c8daabb7.html

Earnings Release

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BlueNord: Preliminary Production for May 2025

BlueNord: Preliminary Production for May 2025

Oslo, 10 June 2025: BlueNord ASA ("BlueNord" or the "Company") has today

announced its preliminary production figures for May 2025. In May 2025 the

preliminary production was 37.9 mboepd net to BlueNord.

The base assets, Dan, Gorm and Halfdan produced 19.7 mboepd. The Base assets

performed as expected, with lower production than in previous months due to

planned work on the Dan and Halfdan NE fields. On Dan, Pressure Vessel

Inspection is ongoing and expected to be completed by mid-June. On Halfdan NE,

part of the production has been closed in connection to installation of gas lift

on the HCA platform. Halfdan NE is back in full production, and after final

installation work, the HCA Gas Lift is expected to be operational from early

July.

The Tyra hub produced 18.2 mboepd net to the Company. The average production in

May is the highest to-date monthly production achieved on Tyra and constitutes

48% of the total DUC production. By the end of May 2025 ca. 91% of Tyra wells

were commissioned and ca. 62% of the Tyra wells were producing. On 3 June, gross

production of 193.8 mmscfpd and of 34.7 mboepd of oil was achieved, which

equates to 26.5 mboepd net to BlueNord.

This information is subject to disclosure requirements pursuant to section 5-12

of the Norwegian Securities Trading Act.

***

Contact:

Cathrine Torgersen, Chief Corporate Affairs Officer

Phone: +47 915 28 501

Email: [email protected]

About BlueNord ASA

BlueNord is a strategically important European oil and gas company that

specialises in producing and developing energy resources, and in activities

which support the energy transition. The Company has a 36.8 percent interest in

the Danish Underground Consortium (DUC) that is responsible for oil and gas

production in the Danish North Sea. BlueNord is listed on the Oslo Stock

Exchange and trades under the ticker "BNOR". For further information, please

visit: www.bluenord.com.

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